Asset Dedication LLC Acquires 4,655 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Asset Dedication LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 21.6% in the 2nd quarter, Holdings Channel reports. The firm owned 26,188 shares of the semiconductor company’s stock after purchasing an additional 4,655 shares during the period. Asset Dedication LLC’s holdings in Texas Instruments were worth $5,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV boosted its stake in Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. grew its stake in shares of Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 54 shares during the last quarter. Prentice Wealth Management LLC grew its stake in shares of Texas Instruments by 2.1% in the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the last quarter. Pure Financial Advisors LLC raised its stake in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in Texas Instruments by 0.5% in the 2nd quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock valued at $2,114,000 after purchasing an additional 56 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 2.0 %

Shares of TXN opened at $197.45 on Friday. The company has a market capitalization of $179.77 billion, a P/E ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The business’s 50 day simple moving average is $200.50 and its 200-day simple moving average is $187.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The business’s revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is presently 81.12%.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Susquehanna boosted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Truist Financial cut their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Barclays lifted their price objective on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities lifted their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.